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Utilities Electric Utilities

  • Feb 21- Canadian energy company Veresen Inc said on Tuesday it would sell its power generation business, its largest division, for $1.18 billion in three separate deals. The Calgary- based company, which owns energy infrastructure assets in Canada and the United States, said it would sell the division and use the proceeds to fund growth projects.

  • CALGARY, Alberta, Feb 17- Enbridge Inc, Canada's largest pipeline company, reported a smaller than expected quarterly profit on Friday, and also announced a C $1.7 billion investment in a North Sea windfarm. Closer to home, Calgary- based Enbridge said a deal to buy Spectra Energy Corp is on track to close this quarter after it obtained U.S. antitrust approval for the...

  • TOKYO, Feb 17- Japan's liquefied natural gas buyers are upending the traditional practices of the market, using their leverage as the world's biggest buyers of the fuel to wrestle concessions for more flexible terms. Japan's electric utilities have won provisions that will allow them to divert contracted LNG cargoes if they restart their nuclear reactors,...

  • Feb 16- Duke Energy Corp, the biggest U.S. power company by generation capacity, posted a quarterly loss, stemming from the sale of its international business last year. Net loss attributable to the Duke Energy was $227 million, or 33 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $477 million, or 69 cents per share, a year earlier.

  • KIEV, Feb 15- Ukraine on Wednesday accused Russian hackers of targeting its power grid, financial system and other infrastructure with a new type of virus that attacks industrial processes, the latest in a series of cyber offensives against the country. Oleksandr Tkachuk, Ukraine's security service chief of staff, said at a press conference that the attacks...

  • HOUSTON, Feb 14 (Reuters)- Storms packing heavy rains, lashing winds and tornadoes hit the Houston metropolitan area on Tuesday, ripping roofs off homes, blowing windows out of frames and leaving tens of thousands of people without power. Two tornadoes were reported to have touched down in Fort Bend County, about 30 miles (50 kms) southwest of Houston, causing damage...

  • *Raises questions over UK Moorside project. LONDON, Feb 14- The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp, which is developing the project with France's Engie, said it planned to pull out of the construction work. "It's a pretty challenging time and it's difficult anyway to work out how to make nuclear...

  • BRUSSELS, Feb 10- European utilities will not reduce their investments in renewables if U.S. Trump, who campaigned on a pledge to bolster the U.S. oil, gas and coal industries, said during the campaign he would pull the United States out of a global pact reached in Paris in 2015 to cut greenhouse gases, although he has not yet acted on that pledge. "If the U.S....

  • *Sydney braces for power blackouts. SYDNEY/ MELBOURNE, Feb 10- Major energy users in Australia shut down on Friday, and the public were asked not to go home and cook or watch television, averting big blackouts amid strained supplies as an extreme heat wave moved from the desert interior to the east coast. Authorities had been preparing to temporarily suspend power...

  • *Solid demand from China, SEAsia underpinning market. SINGAPORE, Feb 10- Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction. "We are pleased to see the improvement in thermal coal market dynamics on the back of supply cuts in China and sustained demand," said Febriati...

  • *Says could limit any pressure on South Korea from Trump govt. SEOUL, Feb 10- Korea Gas Corp, the world's No.2 buyer of liquefied natural gas, would be "interested" in participating in U.S. shale gas projects, with such investment curbing any potential trade pressure on South Korea from the U.S. government. President Donald Trump, who has dropped out of the 12- nation...

  • SINGAPORE, Feb 10- Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction. This year, strong demand growth in Asia's emerging markets will create a supply shortfall for the first time in at least half a decade. Consumption could even soon rise past the 2014 peak, according...

  • Feb 9- Wind energy has surpassed hydropower as the biggest source of renewable electricity in the United States following the sector's second-biggest quarter ever for new installations, a wind industry trade group said on Thursday. Wind installations totaled 82,183 megawatts at the end of 2016, enough to power 24 million homes, the American Wind Energy...

  • says no associated nuclear risk@. PARIS, Feb 9- A fire caused an explosion at the Flamanville nuclear power plant in northwest France on Thursday, leading the operator EDF to take a reactor offline, but there was no risk to the reactor, EDF and a local official said on Thursday. Industry experts said fires of this nature happened fairly frequently and that there was...

  • PARIS, Feb 9- A fire caused an explosion at EDF's Flamanville nuclear power plant in northern France on Thursday, leading the utility to take a reactor offline, but there was no associated nuclear risk, EDF and a local government official said on Thursday. State-owned EDF said in a statement a fire in a machine room caused the explosion in a "non-nuclear" part of the...

  • The coal miner also said revenue rose 4.6 percent to $575.7 million in the fourth quarter ended Dec. 31 from the third, helped by higher prices for metallurgical coal, which is used in steel making. Demand for thermal coal, used for power generation, has sharply declined in recent years, hurt by cheap prices for competing fuel natural gas and environment-friendly...

  • *Toshiba withdraw from lead role in India negotiations- sources. LONDON/ TOKYO, Feb 3- Toshiba Corp plans to withdraw from its lead role in projects to build nuclear plants in Britain and India, sources with direct knowledge of the matter said, marking a retreat as it wrestles with an imminent multi-billion dollar writedown. But it would throw into question the...

  • COPENHAGEN, Feb 2- DONG Energy, the world's biggest offshore wind farm developer, on Thursday reported its first full-year net profit since 2011, but will face tough competition for projects in Europe and the United States from new players that are pushing down margins. Some 18.2 billion euros were committed to offshore wind projects in Europe in 2016, a 39...

  • TORONTO, Feb 2- Canada's main stock index inched higher on Thursday as gold miners gained and insurers slipped with uncertainty around when the U.S. At 10:25 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 10.17 points, or 0.07 percent, at 15,412.56. Canadian Natural Resources Ltd advanced 2 percent to C $40.09, with oil prices holding near...

  • Allianz said Great Western was projected to generate more than $25 million in property taxes for Ellis and Woodward Counties, where the wind farm is based. "It is a valuable addition to our renewable energy portfolio, which now exceeds 3.5 billion euros and offers a stable and uncorrelated return to Allianz," said David Jones, Head of Renewables at Allianz Capital...